ViaMar was established in 1996 in Norway by Reidar Sundvor and the late Even Engelstad. They provide objective analysis of shipping markets and employ a fundamental model. Viamar, like VesselseValue, strongly believe that all analysis must be backed up by robust and transparent automated models.
To further this aim, with all forecasts are compared against VV market values in real time to produce live accuracy statistics, a feature no other provier offers. See teh attached image 'Aframax Future Values'.
VesselsValue have been receiving demands from clients are want to use FMV as one input in their scenario analysis work, with many also using DCF, linear depreciation and demolition values as other inputs.
Separately, VV's core banking clients compliance departments are also actively using the new functionality to check values over the tenure of the loan.
About VesselsValue
Following the launch of FMV VesselsValue will be able to provide a complete suite of values, over the lifetime of a vessel. These values are Market, Demolition, DCF, Linear Depreciation, Book and FMV, which are all supported by our other analytical modules VV Trade and VV@ Mapping.
Richard Rivlin, a ship broker with 40 years of buying and selling experience, launched VesselsValue in 2011. The idea for an automated valuation system came about during the financial crash of 2008, when traditional valuation methods were withdrawn from the market.
Today VV has 4 offices – London, Isle of Wight, Stoke and Singapore, employing over 90 people. VV is used by the world’s leading commercial and investment banks, private equity, funds, shipowners and operators, lawyers, accountants and brokers.
